Global surge protection devices market was valued at USD 2020.4
million in 2014, growing at a CAGR of 5.6% from 2014 to 2020

The global surge protection devices market is expected to witness a
substantial growth during the forecast period. This is due to its
increasing demand across various application sectors such as industrial,
residential and commercial sectors. Increasing incidences of transient
voltage and lightning accidents globally is increasing the usage of
surge protection devices. If the surge or spike is high, it can cause
heavy damage to electrical equipment.

The increase in the usage of electrical equipment such as personal
computers, printers and industrial control equipment such as PLC's,
microwaves, washing machines and alarms are amplifying the demand for
surge protection devices globally.

Among all the application segments, industrial sector holds the largest
market share at present in surge protection devices market, whereas;
commercial segment is expected to be the fastest growing application
segment due to the increase in telephone and internet users in the
emerging nations.

This market research study analyzes the surge protection devices market
on a global level, and provides estimates in terms of revenue (USD
million) from 2014 to 2020. The report recognizes the drivers and
restraints affecting the industry and analyzes their impact over the
forecast period. Moreover, it identifies the significant opportunities
for market growth in the coming years.